Supreme Court tough on Sahara boss Subrata Roy
Apr 3, 2014
सुब्रत रॉय को सुप्रीम कोर्ट से सशर्त जमानत
Mar 26, 2014
सुप्रीम कोर्ट ने सहारा के प्रस्ताव को खारिज किया
Mar 7, 2014
Thursday April 10, 2014
Sahara lawyers on Wednesday had pleaded that Mr Roy be kept under house arrest so that he could negotiate a deal with the international buyer, stating that no global buyer would like to do business in a jail. However the top court refused to budge.
Wednesday April 9, 2014
The Supreme Court today refused today to shift Sahara chief Subrata Roy to house arrest. Sahara lawyers today made a plea before the Supreme Court for release of its chief Subrata Roy, saying that the group is looking for global buyers to sell its as...
A Vaidyanathan | Wednesday April 9, 2014
Sahara chief's counsel Ram Jethmalani told the top court that conditions in Tihar Jail are over-crowded and "we found an international buyer but which international buyer would go to Tihar for negotiate".
A Vaidyanathan | Thursday April 3, 2014
Sahara told the top court today that it cannot pay Rs 5000 crore upfront to secure bail for its chief and offered to pay in installments.
Monday March 31, 2014
Under pressure from a long-running investor refund battle with market regulator Securities and Exchange Board of India (Sebi), the Sahara group has informed its staff that their salaries may get delayed due to the prevailing adverse situation, accord...
A Vaidyanathan | Thursday March 27, 2014
Mr Roy was arrested on February 28 for failing to repay nearly Rs 20,000 crore to small investors for bond schemes that were declared illegal in 2012.
Thursday March 27, 2014
Sahara chief Subrata Roy granted bail on Wednesday after 22 days in jail, but the Supreme Court has ruled that he has to first deposit Rs 10,000 crore with market regulator Securities and Exchange Board of India, half of it in cash.
India | Wednesday March 26, 2014
Sahara chief Subrata Roy was today granted bail after 22 days in jail, but he has to pay Rs. 10,000 crore to market regulator Sebi, half of it in cash.
Ketki Angre | Thursday March 27, 2014
Mr Roy along with two other directors was sent to jail on March 4 after he failed to convince judges that he is serious about repaying nearly Rs 20,000 crore for two Sahara bond schemes that were declared illegal in 2012.
A Vaidyanathan | Tuesday March 25, 2014
Mr Roy along with two other directors was sent to jail on March 4 after he failed to convince judges that he is serious about repaying nearly Rs 20,000 crore for two Sahara bond schemes that were declared illegal in 2012
Friday March 14, 2014
In the high-profile case involving refund of over Rs 24,000 crore and additional interest of 15 per cent per annum, the Supreme Court had asked Sahara in August 2012 to submit all documents and refund money to Sebi for further repayments to genuine i...
Thursday March 13, 2014
Mr Roy had argued that he has been "illegally detained by court". Mr Roy and two Sahara directors have been in Delhi's Tihar jail since March 4.
A Vaidyanathan | Friday March 7, 2014
Subrata Roy, the 65-year-old head of the Sahara conglomerate, will remain in Delhi's Tihar Jail, where he was placed on Tuesday night, the Supreme Court said today, rejecting as "an insult" a proposal from the firm to repay thousands of crores to sma...
Cheat Sheet | Edited by Mala Das | Friday March 7, 2014
The Supreme Court today rejected Sahara's proposal of refunding crores of rupees to small investors in instalments as "a big insult." The court also rejected the group's plea to release its chief Subrata Roy, who has been in Tihar jail since Tuesda...
Friday March 7, 2014
Sahara says it has repaid most of the money, and its remaining liability is less than the Rs. 5,000 crore it has deposited with the Securities and Exchange Board of India (SEBI). But the company has been cagey about revealing how it funded the repaym...
Friday March 7, 2014
The court had, on Tuesday, also rejected Sahara's offer of a bank guarantee for Rs. 22,000 crore, while it sold property assets that it claims are worth nearly that much, an estimate rejected by SEBI as vastly exaggerated.
India | Edited by Mala Das | Friday March 7, 2014
The Supreme Court has asked market regulator SEBI to examine Sahara's proposal of refunding crores of rupees to small investors, and give its views by 11.30 am.
Tuesday March 4, 2014
The court said the 65-year-old will remain in jail till the next hearing on March 11, though he can ask for an earlier hearing if he is ready with "a concrete proposal."
Tuesday March 4, 2014
Sahara's proposal states that the bank guarantees can be invoked by Sebi only if Sahara fails to deposit the amount within a period of 30 days, or if the group firms fail to repay the existing investors from whom money was raised.
India | Edited by Prasad Sanyal (with inputs from Agencies) | Tuesday March 4, 2014
Subrata Roy, the chief of the Sahara conglomerate, was unsuccessful today in convincing the Supreme Court that he is serious about refunding thousands of small investors for bond schemes that were declared illegal two years ago.